BrokAIr Reviews

RKSV Securities Review

"RKSV Securities has been found to be offering some of the lowest brokerages in the industry, yet its customer service is surprisingly poor." Could this be too good to be true?

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RKSV Securities

Overview

RKSV Securities is a leading Indian online stock broker, providing access to the Indian stock markets. It was founded by Ravi Kumar and Sanjiv Singhal in 2012. The company offers trading services on both cash and derivative segments of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). They offer clients the ability to trade across the Indian stock market, providing access to a wide range of investment options including stocks, commodities, currency, mutual funds, and bonds.

Pros

Cons

Public Opinion

Overall, public opinion towards RKSV Securities is positive. Many customers are impressed with the low cost trading and advanced technology provided by the platform. The customer support team is also praised for their responsiveness and professionalism. Some users have also commented on the high quality research provided by RKSV Securities. However, some users have complained about the limited product offerings and lack of educational materials for beginners.

Newsworthy Events

In April 2020, RKSV Securities became the first Indian online broking firm to launch an Initial Public Offering (IPO). The IPO was oversubscribed by 4 times and raised ₹35 crore (approx. US$5 million). In August 2020, RKSV Securities received approval from the Securities and Exchange Board of India (SEBI) to launch its proprietary algorithmic trading platform. In December 2020, the company was awarded ‘Best Online Brokerage Firm of the Year’ by Business Today at their annual awards ceremony.